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It Pays to Compare

Finding the right life insurance solution can be a daunting task. Fortunately, we have the privilege to work with over 20 of Canada’s top insurers, and as such, we can easily compare rates and find the right fit for you.

Our team of experienced financial advisors will help you determine your needs and build the financial plan you and your family needs.

Benefit of our services:

Get access to a full range of life insurance products

Compare rates from leading Canadian providers

Obtain expert advice from advisors across Canada

Canadian seniors are offered a variety of options

No medical life insurance plans available

Your Goals and What Plan is Right

In most cases we have an idea as to what we would like to achieve with a life insurance plan. However, it can be difficult to know what plan is right for us. This table can help match your goals to the most suitable life insurance plan.

Goal

Suitable Life Insurance Plan

Obtain most affordable life insurance

Cover Mortgage

Cover child’s postsecondary education

Cover short term debt (loans, credit cards)

Protect against loss of income

Cover business loans

Term Life Insurance

Obtain lifetime protection, with level premiums

Have an opportunity for investment

Have cash value in policy

Receive dividends

Have ability to borrow against the policy

Protect key man in business

Whole Life Insurance

Obtain lifetime protection with adjustable premiums

Have opportunity to minimize corporate and personal taxes

Estate planning

Opportunity to manage your own investment portfolio

Universal Life Insurance

Obtain affordable lifetime protection

Term to 100 Life Insurance

Obtain protection with no medical exam

Cover final expenses

Cover estate taxes

Cover outstanding debts

Simplified Issue Life Insurance

Obtain lifetime protection with no medical exam or health questions

Cover final expenses

Cover funeral costs

Leave an inheritance gift

Establish a trust fund for grandchildren

Guaranteed Issue Life Insurance

Compare Different Types of Life Insurance

With so many different types of life insurance plans, it can be difficult at first glance to find the right plan for your needs. This simple table can serve as a quick comparison tool for most plans available on the Canadian market.

Type of Insurance

Policy Length

Coverage Amounts

Additional Info

Term Life

Typically 10, 20, and 30 year terms. Plans available from 1 to 35 years.

$50,000 to $5 million

Rates are guaranteed for length of term. Renewable and convertible without a medical exam. Often the lowest cost plan.

Whole Life

For life. Payable for life, or paid-up in 10 or 20 years.

$5,000, up to $10 million

Level cost of insurance for payment period chosen. A cash value on this policy provides a source of income. Some policies allow you to invest with overpayments.

Universal Life

For life.

$5,000 up to $5 million. You may increase your coverage as you need.

Flexible cost of insurance that you can change month-to-month. Most plans offer a variety of tax-deferred savings or investment accounts that can build value over time.

Term to 100

For life. Policy is deemed “paid up” after age 100

$5,000, up to $10 million.

Often the lowest cost permanent plan. This plan does not have an investment component, and is ideal for low-risk financial planning.

Simplified Issue

For life.

$1,000 up to $100,000

No medical exam required to qualify, you only need to answer simple health questions. Rates are guaranteed for life.

Guaranteed Issue

For life.

Up to $25,000

No medical exam or health questions. Intended for hard-to-insure individuals. Often includes a two-year deferral period.